Confluence Investment Management LLC Raises Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Confluence Investment Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,700 shares of the semiconductor company’s stock after purchasing an additional 146 shares during the quarter. Confluence Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,860,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cadence Bank boosted its stake in Taiwan Semiconductor Manufacturing by 0.5% in the first quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock worth $2,041,000 after buying an additional 69 shares in the last quarter. Joel Isaacson & Co. LLC boosted its stake in Taiwan Semiconductor Manufacturing by 2.5% in the first quarter. Joel Isaacson & Co. LLC now owns 3,048 shares of the semiconductor company’s stock worth $415,000 after buying an additional 74 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in Taiwan Semiconductor Manufacturing by 3.3% in the first quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock worth $311,000 after buying an additional 74 shares in the last quarter. Principle Wealth Partners LLC boosted its stake in Taiwan Semiconductor Manufacturing by 1.3% in the first quarter. Principle Wealth Partners LLC now owns 5,940 shares of the semiconductor company’s stock worth $808,000 after buying an additional 77 shares in the last quarter. Finally, BOKF NA boosted its stake in Taiwan Semiconductor Manufacturing by 4.8% in the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after buying an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TSM. Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the stock a “positive” rating in a research note on Thursday, July 11th. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, Needham & Company LLC boosted their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Down 5.3 %

Shares of Taiwan Semiconductor Manufacturing stock traded down $8.32 during midday trading on Friday, reaching $149.86. 31,095,265 shares of the company’s stock traded hands, compared to its average volume of 21,681,786. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The company has a market cap of $777.24 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 0.94 and a beta of 1.14. The stock has a 50 day moving average of $169.82 and a 200-day moving average of $147.18. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The firm’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a $0.4865 dividend. This represents a $1.95 annualized dividend and a yield of 1.30%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.57%.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.